BBEU vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about JPMorgan BetaBuilders Europe ETF (BBEU) and S&P 500 Index (^GSPC).

BBEU is a passively managed fund by JPMorgan that tracks the performance of the Morningstar Developed Europe Target Market Exposure Index. It was launched on Jun 15, 2018.

Performance

BBEU vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Europe ETF (BBEU) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

BBEU vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBEU JPMorgan BetaBuilders Europe ETF	0.01%	36.37%	1.85%	20.31%	-14.72%	17.50%	5.00%	23.96%	-13.25%
^GSPC S&P 500 Index	-3.84%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-9.62%

Returns By Period

In the year-to-date period, BBEU achieves a 0.01% return, which is significantly higher than ^GSPC's -3.84% return.

BBEU

• 1D: -0.69%
• 1M: -2.35%
• YTD: 0.01%
• 6M: 4.45%
• 1Y: 21.24%
• 3Y*: 14.56%
• 5Y*: 9.44%
• 10Y*: —

^GSPC

• 1D: 0.11%
• 1M: -3.43%
• YTD: -3.84%
• 6M: -1.98%
• 1Y: 16.08%
• 3Y*: 16.86%
• 5Y*: 10.37%
• 10Y*: 12.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BBEU vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBEU

BBEU Risk / Return Rank: 62
BBEU Sharpe Ratio Rank: 65
BBEU Sortino Ratio Rank: 65
BBEU Omega Ratio Rank: 62
BBEU Calmar Ratio Rank: 60
BBEU Martin Ratio Rank: 58

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBEU vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BBEU	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.22	0.88	+0.34
Sortino ratio Return per unit of downside risk	1.75	1.37	+0.38
Omega ratio Gain probability vs. loss probability	1.24	1.21	+0.04
Calmar ratio Return relative to maximum drawdown	1.77	1.39	+0.38
Martin ratio Return relative to average drawdown	6.76	6.43	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBEU vs. ^GSPC - Sharpe Ratio Comparison

The current BBEU Sharpe Ratio is 1.22, which is higher than the ^GSPC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BBEU and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBEU	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	0.88	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.62	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.46	-0.02

Correlation

The correlation between BBEU and ^GSPC is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

BBEU vs. ^GSPC - Drawdown Comparison

The maximum BBEU drawdown since its inception was -36.27%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BBEU and ^GSPC.

Drawdown Indicators

	BBEU	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-56.78%	+20.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-9.10%	-3.13%
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	-25.43%	-5.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-7.75%	-5.67%	-2.08%
Average Drawdown Average peak-to-trough decline	-6.20%	-10.75%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.62%	+0.58%

Volatility

BBEU vs. ^GSPC - Volatility Comparison

JPMorgan BetaBuilders Europe ETF (BBEU) has a higher volatility of 7.36% compared to S&P 500 Index (^GSPC) at 5.29%. This indicates that BBEU's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEU	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	5.29%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	11.10%	9.55%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	17.54%	18.33%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	16.90%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	18.04%	+1.26%